Evercore Inc 8-K, filed Jul 15, 2020
Evercore Inc. (EVR)
About this 8-K
Evercore Inc filed this 8-K on July 15, 2020, reporting on events of July 14, 2020.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On July 15, 2020, Evercore Inc. (the “Company”) announced that Ralph L. Schlosstein, the Company’s Chief Executive Officer and President, and John S. Weinberg, the Company’s Executive Chairman, have each been appointed as Co-Chairman of the Board of Directors and Co-Chief Executive Officer of the Company, effective immediately. Information about the business experience and compensation of Messrs. Schlosstein and Weinberg is included in the Company’s proxy statement for its 2020 Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on April 24, 2020.
There is no arrangement or understanding between Messrs. Schlosstein and Weinberg and any other person pursuant to which they were appointed as Co-Chairman of the Board or Co-Chief Executive Officer, nor is there any family relationship between Messrs. Schlosstein and Weinberg and any of our other directors or executive officers. There are no transactions since the beginning of our last fiscal year, or any currently proposed transaction, in which we are a participant, the amount involved exceeds $120,000, and in which Messrs. Schlosstein or Weinberg had, or will have, a direct or indirect material interest.
A copy of the press release announcing this event is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit |
Description | |||
| 99.1 |
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| 104 |
Cover Page Interactive Data is formatted in Inline XBRL (and contained in Exhibit 101) | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| EVERCORE INC. | ||||
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/s/ Jason Klurfeld | ||
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Name: |
Jason Klurfeld | ||
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Title: |
General Counsel | ||
Dated: July 15, 2020
Exhibit 99.1
Ralph L. Schlosstein and John S. Weinberg Each Appointed as
Co-Chairman of the Board of Directors and Co-Chief Executive Officer
New York, July 15, 2020 – Evercore (NYSE: EVR) today announced that Ralph L. Schlosstein and John S. Weinberg have each been appointed as Co-Chairman of the Board and Co-Chief Executive Officer, effective immediately. Previously, Mr. Schlosstein, who joined the firm in 2009, served as President and Chief Executive Officer and Mr. Weinberg, who joined the firm in 2016, served as Chairman of the Board and Executive Chairman. Messrs. Schlosstein and Weinberg will continue to lead the firm with Roger Altman, Founder and Senior Chairman.
Roger Altman said, “Ralph and John have been extraordinary in their respective roles and have formed a genuine partnership. It is exciting that they will lead Evercore together. And, as we complete our 25th year, I can’t think of a better team to guide the firm.”
Ralph Schlosstein said, “John and I have been working together as partners since he joined the firm almost four years ago, collaborating on all important decisions pertaining to the management of the firm and the strategic direction of our business. Our Board’s decision codifies and formalizes our already strong partnership, and I do not expect it to affect in any way the way we interact with each other or our management of the firm. As Co-Chairmen of the Board and Co-CEOs, I fully expect our partnership to strengthen and grow as we navigate today’s challenging environment and execute our long-term growth strategy.”
John Weinberg commented, “It has been a pleasure working closely with Roger and Ralph over the last several years. The arrangement announced today is very much a continuation of the way we have been operating over these last years. I am excited by the prospects and direction of the firm and I look forward to leading Evercore together with Ralph, maintaining our commitment to our clients, our values and our people.”
About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure. Evercore also assists clients in raising public and private capital and delivers equity research and equity sales and agency trading execution, in addition to providing wealth and investment management services to high net worth and institutional investors. Founded in 1995, the Firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in North America, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.
| Investor Contact: | Hallie Elsner Miller | |||
| Head of Investor Relations, Evercore | ||||
| +1.917.386.7856 | ||||
| Media Contact: | Dana Gorman | |||
| Abernathy MacGregor, for Evercore | ||||
| +1.212.371.5999 | ||||